Owning gold as a reserve

[Ryan Spearman]

I’m a big fan of cash reserves. 
The covid outbreak has only emphasized this. 
The problem with cash is that if you have any form of debt it literally costs you money to hold cash. 
To get around this I have a big line of credit on one of my properties, more than double the amount I feel I need in reserves. It means I always have liquid cash on hand but if I don’t use it I’m not paying for it. 
Problem is, it’s not as safe as cash. The bank might want it back if things really go belly up. 
So that led me to consider gold. From what I understand, the average growth rate of gold is generally always more than mortgage interest rates. 
Would it be totally crazy to keep some or all of my reserves as gold? It’s not as liquid as cash, but close to it, and it’s worth way more than cash. 
Let me know what pitfalls you see. I’m sure there’s plenty I don’t see

[Jill F.]

I view ownership of physical gold and silver as insurance against a catastrophic failure of government-- Just like a supply of canned foods are insurance against failure of the food supply chain. I keep some of each but I didn't go crazy and invest all my liquid assets and build an underground bunker with a two-year supply of food for all my extended family members or even for all the family members that I actually like (haha).